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Jonathan More Of Mayfair Investment Partners Sells Industrial Asset In Jacksonville For $7M

Property Image
SOLD
$7,000,000
Kyle Fisher
Kyle Murphy

Florida

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Industrial95,000 SF
Sold 02/13/2026
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Property Image
SOLD

Jonathan More Of Mayfair Investment Partners Sells Industrial Asset In Jacksonville For $7M

243 Lane Avenue North

See Similar Deals
Industrial95,000 SF
Sold 02/13/2026
Kyle Fisher
Kyle Murphy
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$73
Total Square Footage:95,000 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial building located at 243 Lane Avenue North in Jacksonville. The transaction was completed for a sale price of $7,000,000 and encompasses a total space of 95,000 square feet, leading to a price per square foot of $73.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,000,000
  • Sale Date: 02/13/2026
  • Seller: Jonathan More - Mayfair Investment Partners
  • Seller's Representative: Kyle Fisher & Kyle Murphy - CBRE

The deal was primarily handled by Kyle Fisher and Kyle Murphy, who acted as the representatives for the seller, Jonathan More, in this transaction involving Mayfair Investment Partners. Their roles were instrumental in facilitating the sale process and ensuring all parties were aligned throughout the transaction.

Players

Kyle Fisher
CBRE
Kyle Fisher
3 deals$52.9M volume(864) 540-5926
BROKER
Kyle Murphy
CBRE
Kyle Murphy
2 deals$17.9M volume(845) 416-3890
BROKER
MP
Mayfair Investment Partners
SELLER

Details

SOLD
IMAGE: Kyle Murphy, Jonathan More & Kyle Fisher DATE: 02/13/2026 ADDRESS: 243 Lane Avenue North MARKET: Jacksonville ASSET TYPE: Industrial SELLER: Jonathan More (@Jonny_More) - Mayfair Investment Partners SELLER'S REP: Kyle Fisher (@KyleFisher2) & Kyle Murphy - CBRE (@CBRE) SALE PRICE: $7,000,000 SF: 95,000 ~ PPSF: $73

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85